MrJozza

Litecoin a lead indicator against Bitstamp??

BITSTAMP:BTCUSD   Bitcoin / Dollar
628 3 1
What do you guys think?
I tend to agree with flibbr. If you look at http://www.coinwarz.com/cryptocurrency, you see that buyers and sellers do not seem to place any inherent value in fiat on most of them; that is, when btc drops, their btc price generally does not rise. That said the width of lines on 14 day graphs may be hiding patterns -- constructing a chart from the recent transactions on the actual exchanges is too much work for pennies.. and the pump and dump activity adds 'noise' to boot.
It is early for DOGE; but it seems to be showing either a big pump or a fiat value. Also Netcoin (NET) seems to be in a pump cycle or has some seeing fiat value. FWIW
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I think it's BS... because.. Litecoin/USD just follows Gox BTC/OKCoin LTC/CNY.. so Litecoin is just a fake agent here. No real independent market of itself.. only lower highers and higher lows than the BTC/USD charts. .. else mirrors it completely.
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I think Heiken Ashi is making you blind.
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